InterContinental Hotels Group PLC
21 February 2007
21 February 2007
InterContinental Hotels Group continues growth in key UK market
IHG (InterContinental Hotels Group) announces the signing of a franchise
agreement for 11 Holiday Inn hotels (860 rooms) in the UK owned by Kew Green
Hotels Ltd (KGH).
Currently operating under the Courtyard by Marriott brand, the hotels will
undergo a refurbishment programme to be re-branded as Holiday Inn by May 2007.
KGH will operate the hotels under a 20 year license agreement.
Andrew Cosslett, Chief Executive of IHG, said: "The conversion of these hotels
to Holiday Inn marks another significant win for IHG and recognises the strength
of the Holiday Inn brand. Holiday Inn is the largest full service hotel brand in
the UK. We continue to see it grow in key strategic markets around the world as
the demand for quality hotel accommodation rises. We welcome this opportunity to
develop our relationship with a quality hotel owner like KGH."
Paul Johnson, KGH's Managing Director, comments: "We are delighted to expand our
relationship with IHG and to build on the three Express by Holiday Inn hotels
that we already operate. The Holiday Inn brand is a perfect fit for these
conference-led hotels and I am pleased to announce that we will also open a new
150 bedroom Holiday Inn in Norwich this April."
For further information, please contact:
IHG contacts:
Investor Relations (Paul Edgecliffe-Johnson/ +44 (0) 1753 410 176
Heather Ward)
Media Affairs (Leslie McGibbon/Dan Ford) +44 (0) 1753 410 425
Media contact KGH: Paul Johnson, Managing Director
Tel: +44 (0) 208 600 2692
E-Mail: jo.dechamps@kewgreen.co.uk
Notes to Editors:
1. InterContinental Hotels Group PLC of the United Kingdom (LON:IHG, NYSE:IHG
(ADRs)) is the world's largest hotel group by number of rooms. IHG owns,
manages, leases or franchises, through various subsidiaries, over 3,741 hotels
and 556,246 guest rooms in nearly 100 countries and territories around the
world.
The Group owns a portfolio of well recognised and respected hotel brands
including InterContinental(R) Hotels & Resorts, Crowne Plaza(R) Hotels &
Resorts, Holiday Inn(R) Hotels and Resorts, Holiday Inn Express(R), Staybridge
Suites(R), Candlewood Suites(R) and Hotel Indigo(R), and also manages the
world's largest hotel loyalty programme, Priority Club(R) Rewards with over 30
million members worldwide.
IHG offers information and online reservations for all its hotel brands at
www.ihg.com and information for the Priority Club Rewards programme at
www.priorityclub.com.
For the latest news from IHG, visit our online Press Office at www.ihg.com/
corporate.
2. Following the conversion of these hotels, IHG will have 242 hotels in the UK:
117 Holiday Inn, 108 Express by Holiday Inn, 16 Crowne Plaza and one
InterContinental.
3. Kew Green Hotels Ltd (www.kewgreen.co.uk) was formed in September 2001 to
develop and operate branded hotels in the UK. It is backed by HBOS and Moorfield
Group, a specialist property finance group, which holds a number of diverse
property related investments.
The company has grown rapidly to 17 hotels and currently operates eleven
Courtyard by Marriott hotels plus three Express by Holiday Inns and three Days
Hotels. It will open a new Holiday Inn in Norwich City Centre in April 2007 and
is developing a new generation 218 bedroom Courtyard by Marriott at Gatwick
Airport, which is scheduled to open in late 2008.
In 2006 Kew Green Hotels was rated as the UK's second fastest growing private
company - the only hotel group in the ranking - according to Library House,
which tracks high growth private companies.
This information is provided by RNS
The company news service from the London Stock Exchange
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